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Friday, March 25, 2011

State Unemployment Rates generally unchanged in February

by Calculated Risk on 3/25/2011 03:14:00 PM

The BLS reported earlier today that state unemployment rates were generally unchanged in February. A few states showed strong increases in employment led by California. The LA Times reported: California adds nearly 100,000 jobs in February

In February, the Golden State added nearly 100,000 new jobs, the highest monthly increase since the current record system began in 1990, state officials said Friday. ... The number of new jobs created in February alone was almost as high as the total created for the previous 11 months, 99,800, the EDD said.
Other states with significant increases were Pennsylvania (+23,700), Florida
and Texas (+22,700 each), Illinois (+17,600), North Carolina (+17,400), South Carolina (+16,400), Massachusetts (+15,400), Georgia (+14,900) and Oregon (+9,800). Unfortunately a number of states saw significant declines in employment too; Kansas (-12,800), Missouri (-10,100) and Washington (-8,500).

From the BLS: Regional and State Employment and Unemployment Summary
Regional and state unemployment rates were generally little changed in February. Twenty-seven states and the District of Columbia recorded unemployment rate decreases, 7 states registered rate increases, and 16 states had no change, the U.S. Bureau of Labor Statistics reported today.
...
Nevada continued to register the highest unemployment rate among the states, 13.6 percent in February. The states with the next highest rates were California, 12.2 percent, Florida, 11.5 percent, and Rhode Island,
11.2 percent.

One state, Colorado, set a new series high, 9.3 percent.
The following graph shows the current unemployment rate for each state (red), and the max during the recession (blue). If there is no blue, the state is currently at the maximum during the recession.

State Unemployment Click on graph for larger image in graph gallery.

The states are ranked by the highest current unemployment rate.

The auto states - led by Michigan - seem to have seen the most improvement (blue area).

Four states are still at the recession maximum (no improvement): Colorado (new high for 2nd month in a row), Idaho, Louisiana, and New Mexico.